Insider Selling: Wayne C. Heller Sells 5,417 Shares of Republic Airways Holdings Stock (RJET)
Republic Airways Holdings (NASDAQ:RJET) Insider Wayne C. Heller unloaded 5,417 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $11.03, for a total value of $59,749.51. Following the sale, the insider now directly owns 137,912 shares in the company, valued at approximately $1,521,169. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Republic Airways Holdings (NASDAQ:RJET) traded down 0.09% on Thursday, hitting $10.64. 594,481 shares of the company’s stock traded hands. Republic Airways Holdings has a 52-week low of $7.82 and a 52-week high of $13.92. The stock has a 50-day moving average of $9.76 and a 200-day moving average of $9.70. The company has a market cap of $529.7 million and a P/E ratio of 13.71.
Republic Airways Holdings (NASDAQ:RJET) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.09. Analysts expect that Republic Airways Holdings will post $1.31 EPS for the current fiscal year.
A number of analysts have recently weighed in on RJET shares. Analysts at Imperial Capital raised their price target on shares of Republic Airways Holdings from $13.00 to $17.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Republic Airways Holdings from $10.00 to $9.00 in a research note on Thursday, May 1st. They now have a “market perform” rating on the stock. Finally, analysts at Bank of America upgraded shares of Republic Airways Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $10.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $11.82.
Republic Airways Holdings Inc is a holding company. The Company offers scheduled passenger services through its wholly-owned operating air carrier subsidiaries: Chautauqua Airlines, Inc (NASDAQ:RJET), Shuttle America Corporation (Shuttle), Republic Airline Inc (Republic Airline) and Frontier Airlines, Inc (Frontier).
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